Given the current housing climate, many banks and financial institutions have foreclosed on and repossessed thousands of homes throughout the area. Many times, these homes have not received loving care from their owners and may be in need of substantial repairs before they can be re-sold or rented.

A number of area banks and other financial institutions rely on City Wide CDC to refurbish and sell (or rent) residential properties acquired through foreclosure. These homes are often sold at a considerable discount from their original sales price and generally range from $35 - $40,000.